- Daily Business News From Throughout North Carolina -

(Fuquay-Varina, NC – March 6, 2012) – Preston Development is pleased to announce they will be expanding their South Lakes community located in Fuquay-Varina just 15 minutes South of Raleigh and 35 miles North of Fayetteville.

Construction will begin late spring on the 20 acre parcel. Located next to the community swim and recreation complex, the new phase will house 54 homesites. Preston Development worked diligently in the initial planning to preserve a large oak tree at the entrance creating a open space with walkways and benches. The builder has not yet been announced.

“We are excited to move expand into the next section of South Lakes,” shares Tim Smith, Co-owner of Preston Development. “Homes sales have been very steady and consumer confidence is certainly growing. South Lakes is a beautiful community located in a warm, welcoming town. It is a great place to raise a family.”

Located in Fuquay-Varina just 15 minutes south of Raleigh and 25 minutes north of Fayetteville, South Lakes offers a quaint, small town feel with homes ranging in price from the $175s to the mid $400s. Home styles vary from two story family-focused homes to ranch and cottage plans boasting downstairs masters. The community recreation center features a swimming pool with waterslide, mushroom fountain, shaded gazebo areas, cabana and interactive playground. The 30-acre lake is great for canoeing or a leisurely stroll along the boardwalk. The builder team includes DR Horton, M/I Homes and a collection of local builders. All three builder’s sales centers are open daily. Log on to www.SouthLakesNews.com to find out more.

Directions: From Fuquay-Varina, go North on Main Street, turn right on NC55 (at the Sheets Station), left on Jones Lake Road and follow the signs.

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About South Lakes:

Nestled conveniently between Raleigh and Fayetteville, NC, the North Carolina Home Builders Association has recognized South Lakes as the 2009 Community of the Year. South Lakes sets a new standard for neighborhood living in Fuquay-Varina. On an exceptional property of over 500 acres, Preston Development Company designed this community to include over 120 acres of natural open space, a 30-acre lake and boardwalk, community pool with water features, cabana and tot lot, as well as proposed elementary and high schools and options for shopping, office park, church and daycare, all within the community. Homes are built by DR Horton, M/I Homes, and a collection of local builders and range in price from $175,000 to over $400,000.